Investment Property Worksheet

I use a very basic investment property worksheet that I acquired from Tom Lundstedt a few years ago. It’s simple and I can pencil out figures right in front of people so they can see how the numbers work (or don’t work) on any prospective rental property.

Yes.  Yes.  I know.  I too have used those fancy computer generated investment model programs.  But they are so stale and the sometimes you can’t see how the numbers were derived.  So I like this better.  And I fully realize that many real estate investors have many different formulas.  Funny thing is that the successful real estate investors may have different formulas but always end up with about the same calculations.

For the first time, I’m sharing a sample.  I always worried about sharing it.  But after years and years of investment property experience I realize it’s just a paper without the knowledge that goes with it.  So enjoy.

investment property worksheet

7 Comments

Filed under 4 Benefits of Real Estate Investing, Investment Property, Real Estate Investing

New Web Page For Kansas City Cash Real Estate Investors

As most of you know by now I have started a sister web page.  Now that web page has a special page devoted to the Cash Investor.  I’d love to have you check it out.  Let me know your thoughts!

2 Comments

Filed under Worth Reading

Kansas Foreclosure Homes Tour

I will be holding a Kansas Foreclosure Homes Tour on Sunday, August 15, 2010.  For all the details go to the Foreclosure Homes Kansas website.

3 Comments

Filed under Worth Reading

On The Road Again

No postings of any consequence for a few days.  Making a road trip to the east with my17 year old.  He’s looking at Princeton and a couple other schools.  Personally, I’m rooting for Princeton.  Plus, it’s a good excuse to go on in to New York City for a couple days.

Anyone want to suggest a good pizza joint in NYC?

4 Comments

Filed under Uncategorized

Kansas City Named a Great City for Young Adults

A few days back I read on Yahoo! that Kansas City had been named one of the 10 Great Cities for Young Adults.  I read it, smiled and then moved on.  Others were impressed, as well.  No fewer than a handful of you have emailed me the link to make sure I saw it.  Civic pride, I guess.

Kansas City skyline

I love my home town.  And I’ve been to most of these cities.  I think Austin is the greatest college town in America. The people down there are great and the emphasis on outdoors activities always makes me happy.  Plus, I like a cold beer over on 6th Street or in the Warehouse District.   And it’s always good fun to watch my Jayhawks whip up on their basketball team in their own city.  🙂  The BBQ leaves something to be improved upon.

My dad live in Charlotte.  So we get down there quite a bit.  A clean and growing city. Reminds me of Kansas City in so many ways. Don’t get me started on BBQ that has cole slaw on.  I’m sure that’s something Jesus wouldn’t do.

Chicago.  Enough said.  Love that town.  Maybe even more than New York.   Love the blues.  Love lakefront.

I haven’t spent much time in Houston.  Though I don’t really dig the site of refineries and hate mosquitoes that are as large as most mammals.

I’ve never been to Lansing.  But any place where Tom Izzo is the head coach is alright with me. He’s one of the best college basketball coaches of all time in my book.

New York?  God, how I hate the Yankees and everything they stand for.  But God also knows I just love the entire experience of each and every visit there.  The sensory overload feeling.  I thrive on it.

Never been to Portland.  My friend goes there a lot for business.  Says it’s really pretty but a ton of traffic and the entire city is overrun with hippies.  And yes, that is just the employee base that works for him.  Not just the homeless people that are everywhere…at least according to him.

Salt Lake City is just not on my list of places to hang.  Sorry.  Just never really considered it.

Washington, DC is my home away from home.  Regular readers here know I lived there 15 years.  Well, in the Maryland suburbs, actually.  The town has so much going on all the time.  The power.  The money.  The activities.  The history.  The importance.  The self-importance.  Some real idiots there, to be sure.  Some really great people, too.

I love my birth home of Kansas City.  Glad I live here.  And glad I’ve got to experience these other cities, well most of them anyway, too.

CC licensed image of Kansas City skyline as Night Descends courtesy of calebdzahnd via flickr.

APJF3XUY8PAV

Leave a comment

Filed under City Comparisons, Kansas City, Worth Reading

HUD Owned Homes Viewings

Yesterday I went out and looked at 13 HUD owned homes that are on “daily bid” status.  I was hoping to turn up one, maybe two possible investment property for Kansas City area real estate investors.  And I did come up with two real good possibles.

Side Note:  It’s amazing how trashed some of these houses can get in just a few short years.  What’s up with that?  🙂

HUD owned homes are purchased a little differently than your regular real estate transaction.  To see more about buying a HUD owned home you can look at a page I wrote on another website title Buying HUD Owned Homes.  Now if you are a primary home buyer you can also take advantage of FHA 203(k) rehab financing.  Sadly, seasoned income property owners know you cannot use the FHA financing for investment properties.

Anyway, one of the homes I identified is located in Kansas City, Missouri.  The other home is located in Shawnee, Kansas.  (Shawnee is a suburb of Kansas City on the Kansas side to the southwest of the city.)

Starting Monday I’m rolling out my new mailing list to people who want to be in the know.  The mailing list will come out 1-4 times a week with foreclosure real estate or other value-oriented REO property where I believe there is money to be made.  To join the list, just click below.

BBQ Captial:  Kansas City real estate investing well done.
Chris Lengquist
Keller Williams Realty
Diamond Partners, Inc
Olathe, Kansas
913.322.7500 o
913.322.7515 d

Leave a comment

Filed under HUD homes, Investment Property

Required Investor Down Payments

Asked around yesterday and today.   Seems the consensus is still 20% down for single family homes and 25% down for multi-family homes.  This is, of course, if you are purchasing investment real estate here in Kansas City.  Not sure what other areas of the country are requiring.  But I would imagine it’s close to the same.

I’m not expecting  a thaw in this anytime soon.

1 Comment

Filed under Financing Options